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The Future of Downtown San Diego Real Estate
Selection of condos available for sale in Downtown San Diego will continue to be tight. As of May 2019 about 3% of the total condo market is up for sale (roughly 340 for sale out of 10,750 total condos). One new high rise condo was completed in 2018 (Pacific Gate) and another new tower (Savina) will be completed in summer of this year. The next new condo building will be completed some time after 2022, as it has not started yet.
For sale inventory will begin to shrink as we get into the fall of 2019 as buyers run out of brand new condos to buy and current downtown owners will have resold their current condos as they move into the new building. The commercial development of the western waterfront will make the condos in the Columbia neighborhood more desirable. The California Association of Realtors is projecting average prices in the State to increase 3.1% in 2019, following a roughly 7.0 % increase in 2018. So much slower appreciation rates coming, usually if GDP is growing, prices are increasing. Downtown average prices were up only about 1% in 2018, hard to predict 2019, so many outside forces at play which can influence demand, but one thing is for sure, no more new inventory getting added after this year for several years.
Mortgage rates are trending up and the nations economy (GDP) and stock market are also trending up although erratically. Time will tell if the improving economy can create more housing demand than the rising interest rates can slow down.
Popular San Diego Neighborhoods
Newest Downtown San Diego Condos for Sale
Enjoy “Urban Chic” living with panoramic views of the iconic Downtown Library & PETCO Park! Generous master suite + 2nd bedroom are split between the living room & kitche...
- 2 Beds
- 2 Baths
- 190052320 MLS
- Park Terrace Bldg.
- ACTIVE Status
Why rent when you can buy? This modern 2br/2ba corner unit in the heart of Bankers Hill is priced to sell! It’s a blend of urban elegance & comfortable living w resort fe...
- 2 Beds
- 2 Baths
- 190052297 MLS
- Villa Portofino Bldg.
- ACTIVE Status
Lovely, west-facing Marina Park residence on the 3rd floor with wonderful views towards the bay. Enjoy a desirable split bedroom floorplan, laminate wood floors, fresh pa...
- 2 Beds
- 2 Baths
- 190052285 MLS
- Marina Park Bldg.
- ACTIVE Status
Welcome to this light and bright, with a quiet location 3rd floor residence in popular Cortez Hill! Boasting a sunny interior with a soothing color palette, spacious livi...
- 1 Beds
- 1 Baths
- 190052223 MLS
- The Mills Bldg.
- ACTIVE Status
Huge Price Reduction on this unit with one of the best views and locations in the building! One of a few units with extra room in the master bedroom. Cherry wood floors,...
- 2 Beds
- 2 Baths
- 190052186 MLS
- The Legend Bldg.
- ACTIVE Status
Incredible sweeping city views from this North East corner unit at the highly desirable Meridian. This luxury tower offers amazing amenities and services that put it far ...
- 2 Beds
- 2 Baths
- 190052150 MLS
- The Meridian Bldg.
- ACTIVE Status
Live the Dream in San Diego's most luxurious high-rise building. Pacific Gate offers the ultimate Downtown lifestyle with incomparable design, service & amenities - with ...
- 2 Beds
- 2 Baths
- 190052143 MLS
- Pacific Gate Bldg.
- ACTIVE Status
Stunning enclosed loft! New modern tile flooring throughout, leading to floor to ceiling two story windows that illuminate the modern industrial features true of the stel...
- 1 Beds
- 2 Baths
- 190052007 MLS
- Doma Bldg.
- ACTIVE Status
The super chic downtown condo you’ve been waiting for has arrived at popular Treo! The upgraded interior features gleaming granite surfaces, bamboo and tile floors, fresh...
- 1 Beds
- 1 Baths
- 190051970 MLS
- Treo Bldg.
- ACTIVE Status
Light and bright over-sized 1Bdr/1Bth corner unit features kitchen with stainless steel appliances, central AC & heating, washer/dryer, recessed lights, wine cooler, fire...
- 1 Beds
- 1 Baths
- 190051940 MLS
- Marina Park Bldg.
- ACTIVE Status
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2019 San Diego MLS®,
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